Tax-Free Roth Conversion for a Grad Student

By

Kelly Kearsley

March 24, 2014 10:51 a.m. ET

The daughter of William Bissett's client had been working for few years in an administrative position at a law firm in Washington, D.C. The 23-year-old woman had a question about her firm's new Roth 401(k) option, so she joined Mr. Bissett and her parents for a meeting over dinner.

Her parents were both attorneys. They'd always been smart savers and had passed the trait onto their daughter. She earned about $40,000 a year and had...